Why Tariffs Do Not—and Cannot—Cause Inflation
Kato comes for Kudrow on inflation and tariffs The notion that tariffs cause inflation has become a hypervirus that infects the minds of President Trump's critics, and appears to be immune to the usual antibiotics of economic evidence and logic. The latest occurrences are provided Norbert Michel and Jai Kedia of the Cato Instituteclaims that […]
Trump Announces 25% Tariffs On Automotive Imports, Vows ‘Business Will Flourish’
US President Donald Trump will sign an executive order on March 26, 2025 at the White House oval office in Washington, DC. (Photo: Win McNamee/Getty Images) OAN Staff Break Wolf5:50pm – Wednesday, March 26th, 2025 President Donald Trump announced Wednesday that he would impose a 25% tariff on automobile imports, which are scheduled to come […]
Trump says he may ease up on China tariffs to get TikTok deal done
President Trump said Wednesday that he was willing to reduce tariffs to get a deal with Bytedance, Tiktok's Chinese parent. The ordinance faces a deadline of April 5, finding non-Chinese buyers in Tiktok or a US ban on national security reasons. In his latest twist on the fate of the popular short video app, Trump […]
Trump announces 25% tariffs on all foreign-made cars
WASHINGTON – President Trump announced 25% tariffs on all foreign-made cars on Wednesday. Trump announced the move in the oval office, saying, “This will lead to the construction of many plants,” and built the car domestically. President Trump has imposed a 25% tariff on cars not made in the US. AFP via Getty Images “We […]
Don’t Miss: Trump’s Bold Statements on Imminent Auto Tariffs from the Oval Office!
President Trump is expected to reveal new tariffs on vehicle imports into the United States during a press event in his Oval Office this Wednesday. He claimed that these tariffs would incentivize car manufacturers to increase production in the United States. The president previously delayed the tariffs on Canada and Mexico for a month after […]
Canada Excludes Tesla from Rebate Program Due to Trump Tariffs!
Canada has prohibited the electric vehicle (EV) leader Tesla from participating in any rebate initiatives and has barred Texas-based automotive companies from future electric vehicle endeavors due to Trump’s tariffs with Ottawa. Canada’s Transport Minister Christy Freeland stated In a statement on Tuesday to Reuters that Tesla will not be eligible for the rebate scheme […]
Former Target Executive Claims Trump Tariffs Are ‘Wildly Overstated’
Former Target Executive Gerald Stouch stated in an interview on Tuesday that the effects of President Trump’s tariffs have been “greatly overstated.” “I believe all this about tariffs is greatly overstated by at least double the coefficient,” Storch mentioned on “Varney & Co.” on Fox Business Network. “Taxes are related to the cost of goods, […]
Hundreds of Canadian steel workers hit with layoffs as Trump’s tariffs squeeze industry
Hundreds of Canadian workers have already been fired from steel factories as President Trump's tariffs narrow the industry. At least 200 members of United Steelworkers, the largest private sector union in North America, have previously lost employment, according to Marty Warren, the group's national director. United Steelworkers has over 225,000 members in Canada. And Canadian […]
Gold retains positive bias above $3,000 amid concerns over Trump's tariffs – FXStreet
Gold prices attract buyers for the second day in a row, but there is no follow-through. Trade jitter, Fed rate reduction bets, and fear of recession support safe stocked goods. A positive risk tone and the emergence of US dollars to buy caps in Xau/USD pairs. Gold Price (XAU/USD) will be trading above the $3,025 […]
Teamsters Call for Tariffs on Mexican Beer
Teamster President Sean O'Brien has called on President Donald Trump to impose tariffs on Mexican beer brewers. O'Brien wrote to Secretary of Commerce Howard Luttonick on Monday to ask him to “develop a strategic plan to utilize all the tools at his disposal (including covered tariffs where necessary) to restore economic balance and equity in […]